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What Can The State Of ATMs Reveal About The Condition Of Cash?

PYMNTS

At least that’s what Ron Delnevo, executive director of the ATM Industry Association (ATMIA) in Europe, suggests. A true indicator of the global demand and usage of cash, Delnevo said in a recent interview with PYMNTS, is the rising number of ATMs. There are more ATMs than ever before. The evolution of cash and ATMs.

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NEW REPORT: The Truth About The State Of Cash In Europe

PYMNTS

In Europe, Austria has the highest ATM penetration with an average of 156 available per 100,000 people. In comparison, Sweden has the least with just 32 ATMs available per 100,000 people. With the change, however, third-party ATM service providers are seeing this as an opportunity and are stepping in to fill the gap.

ATM 45
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Europe Digs Deeper Into Its Pockets – Cash Still There

PYMNTS

With more than €2 trillion in cash projected to be used in Western European countries in 2020 and the rapid development of mobile technology, the state of cash is on its own path of evolution with the growth of cardless ATMs and wider availability of order online and pay by cash on delivery, among other use cases.

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Lithuania’s Lasting Love Of Cash

PYMNTS

Ron Delnevo, executive director of the ATM Industry Association (ATMIA) in Europe, agreed. Cash usage in Lithuania can be characterized by the following ratio, according to Karpavičius: “For every euro spent via debit or credit cards at the POS, we have more than €2 being taken out from the ATM.”. What’s To Come For Cash?